About holding

Open joint stock company "Iset-Fund" was set up on November 26, 1992 as the voucher investment fund (VIF). The co-founders of the fund were the two leading Ural research institutes in economics - the Institute of Economics of the Ural branch of the Russian Academy of Sciences and the Research Institute of industrial engineering and economics.

The Fund was an active participant in the privatization processes in the region and became one of the major voucher funds in the Ural region in terms of assets and the number of shareholders.

The fund invested mostly into the shares of the manufacturing companies of the Middle Ural. Investment strategy of the Fund was aimed at increased capitalization levels of the companies involved. In 1994 investment company "Iset-Invest" and non-government pension fund "Iset-Fund" were set up to promote this goal. The Fund made a significant contribution to the development of financial infrastructure of the Sverdlovsk Oblast: Ekaterinburg stock exchange, regional trading floor of Moscow interbank currency exchange, "Ural-deposit" registrar, regional depository center were set up with its active participation.

In 1996 VIF "Iset-Fund" was reorganized into an open joint stock company (OJSC) "Iset-Fund", that was the period of active diversification and the formation of the Fund's corporate strategy. The Fund's portfolio consists of large blocks of shares of 15 manufacturing companies, 6 of those companies are the Fund's subsidiaries: Alapajevsk boiler plant, Arti works, Irbit trailer plant, Kamyshlov glue plant, Nataljinsk glass-works, and Polevskoy metal accessories works.

In addition to the above mentioned there are in the Fund's portfolio shares of such industry leaders as the Ural mechanical rubber plant, Yushalinsky wood working company, etc.

In 2000 all the subsidiaries were merged into one holding company "Iset-Fund" with the subsequent structural reorganization aimed at the development of a unified corporate policy in the best interests of each member company. To facilitate stable production growth and promotion of sales OJSC "Iset-Fund" and the government of the Sverdlovsk Oblast signed an agreement on the development of the Fund's subsidiaries.

The managers and employees of "Iset-Fund" look into the future with confidence. Its team of professionals - researchers, financiers, production managers - know how to take advantage of the changing markets conditions and meet the development targets, and by doing this they help build a strong foundation for the economic growth of the Middle Ural.